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Placed: 01.06.2016 10:44:39

IBI-Rating has affirmed the rating of investment attractiveness of the city of Odessa at invA+ grade

IBI-Rating informs on the affirmation of the rating of investment attractiveness of the city of Odessa at invA+ grade (high investment attractiveness)

IBI-Rating informs on the affirmation of the rating of investment attractiveness of the city of Odessa at invA+ grade (high investment attractiveness).

 
The affirmed rating grade of Odessa city is due to its significance as an economic center of the southern part of Ukraine. High natural and resource potential of the city, which is formed by its advantageous geographical position and favourable natural and climatic conditions, creates competitive advantages and additional opportunities for investors. The city, as the whole Ukraine, is inherent in loyal environmental legislation with a minimum number of restrictions. Existing environmental problems, which put some pressure on the development of certain types of business and impact on living conditions, if aggravated, may affect the implementation of the strategic development plans.

 
Consolidation of branches of the local authorities, a high level of development of the engineering and transport infrastructure, even given significant deterioration indicators, contribute to maintenance of high indixes of economic development, which have the potential for further growth in a number of sectors of the economy. Political instability exercises some pressure on the city development. However, the city has some additional opportunities in the financial market due to the higher level of development of financial institutions as compared with other cities of Ukraine, and a moderate debt burden on the local budget. However, the possibility of the local budget to participate in the joint implementation of large-scale investment projects is limited by virtue of national specificity. The local authorities lack significant levers to provide incentives to investors, the strategy of building relations between the authorities and investors has not been formalized.

 
The city is inherent in good provision with establishments of health care, education and culture, and there are objects that belong to historical and cultural heritage, some of which have national, as well as international importance.
A positive impact on the rating of investment attractiveness of the city may have, as follows: improved regulatory framework and implementation of the basic programs of the city development, increased income of the population, stabilization and gradual improvement of the environmental situation, modernized infrastructure. A negative impact on the rating of investment attractiveness of the city may have, as follows: detection of complaints from investors on activities of the local authorities, decreased performance indicators of enterprises and reduced volume of investments, aggravation of the environmental situation, further deterioration of the infrastructure.

 
In order to carry out the analytical research the materials obtained from the city of Odessa were used, including: indicators of social and economic development, annual Treasury statements for 2013-2015 , indicators of the social and economic development and the city budget, program materials, other necessary internal information, as well as the information from the public sources, which the Rating agency considers reliable.



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